Nearly all of The Bond Buyer's weekly yield indexes rose this week, ending the municipal market's string of gains since the beginning of 2009.

"The market has really done a pretty solid reversal this week," said Evan Rourke, portfolio manager at Eaton Vance Asset Management in New York. "Munis had a very nice rally in the beginning of January, which I think was largely on the back of somewhat limited supply, strong reinvestment flows. Well, now that tide may be turning."

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